Audited Financial Results for the Quarter and Year ended March 31, 2026
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Manor Estates and Industries Limited reported a net loss of Rs. 72.14 lakhs for FY26, a dramatic reversal from a profit of Rs. 65.42 lakhs in FY25. Total income was Rs. 149.29 lakhs, down from Rs. 158.65 lakhs the prior year. The company recorded a Q4 net loss of Rs. 16.53 lakhs. Shareholders' funds turned negative at Rs. -294.84 lakhs (reserves at Rs. -1,118.34 lakhs against paid-up capital of Rs. 823.50 lakhs), indicating severe capital erosion. The company has permanently suspended its sock manufacturing operations and shifted to real estate and construction since October 2021. Statutory auditors M/s. Nataraja Iyer & Co. issued an unmodified (clean) opinion. The company also appointed M/s. Sarang Shah & Co. as internal auditors for 2026-27.
The company has swung to a loss with negative equity, raising significant concerns about its financial viability. The clean audit opinion despite negative shareholders' funds is noteworthy and warrants close monitoring.